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Exhibit 14.1




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Every day, each of us makes
decisions that can impact not
only our compliance with legal
and regulatory requirements but
also our companys reputation in
the marketplace. The Standards of Business Conduct will help us
make the right decisions.




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FROM OUR LEADERSHIP
    
    
    5OUR STANDARDS OF BUSINESS CONDUCT: INTRODUCTION
    
    
    6Core values
    
    
    7Other resources
    
    
    8OUR RELATIONSHIPS
    
    
    10Relationships with our clients
    
    
    10Relationships with our business partners and suppliers
    
    
    10Relationships with each other
    
    
    11An inclusive and non-harassing workplace
    
    
    11Environment and workplace safety
    
    
    12Relationships with our competitors
    
    
    12CONFLICTS OF INTEREST
    
    
    14Relationships between employees
    
    
    14Relationships with clients, business partners and suppliers
    
    
    14Outside directorships, employment and ownership interests
    
    
    15Corporate opportunities
    
    
    15GIFTS AND ENTERTAINMENT
    
    
    16Government officials in the United States
    
    
    16Non-U.S. government officials
    
    
    17Non-government clients, partners and suppliers
    
    
    18Gifts to each other
    
    
    19Gifts and entertainment: References and resources
    
    
    19
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CONFIDENTIALITY AND PRIVACY
    
    
    20Proprietary information
    
    
    20Material non-public information
    
    
    20Insider trading policy
    
    
    21Third-party confidential information
    
    
    21Personal data privacy and protection
    
    
    22CORPORATE STEWARDSHIP
    
    
    23Protection and proper use of assets
    
    
    23Lobbying and political activities
    
    
    23Individual activities
    
    
    24Financial reporting
    
    
    24Time and expense reporting
    
    
    25Global engagements
    
    
    26Charities
    
    
    27ENFORCEMENT AND RESPONSIBILITIES
    
    
    28Employee resources/ reporting concerns
    
    
    28Obligation to report
    
    
    29A COMMITMENT TO YOU
    
    
    30APPENDIX A: EXAMPLES OF U.S. REGULATIONS AND LAWS
    
    
    31APPENDIX B: DEFINITIONS
    
    
    33
 4




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(PHOTO OF HARRY YOU)
    
    Chief Executive Officer,
Harry You
    

(PHOTO OF LAURENT LUTZ)
    
    General Counsel,
Laurent Lutz(PHOTO OF ED HARBACH)
    
    President and 
Chief Operating Officer,
Ed Harbach
    

(PHOTO OF RUSS BERLAND)
    
    Chief Compliance
Officer, Russ Berland(PHOTO OF JUDY ETHELL)
    
    Chief Financial Officer,
Judy Ethell
 5




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6




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7




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8




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
    
    Via telephone: Call 1 800 206 4081 in the United States and Canada, or click here for international access numbers.
 
    
    Via the Web: Click here to place or follow up on an inquiry, report or question via the Web.
 
    
    Via e-mail: Please e-mail inquiries, complaints or questions to guideline@bearingpoint.com.
  9




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10




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11




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12




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13




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1 2
   
 1

    We recognize that in some EU countries relationships of this nature are considered matters
of an employees private life and not subject to disclosure or approval from the company.2

    Unless prohibited by local law. 14




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3
  4
   5
  
 3

    We recognize that in some EU countries relationships of this nature are
considered matters of an employees private life and not subject to disclosure or approval from the
company.4

    In EU countries we ask that you contact your local BearingPoint legal counsel
regarding these matters.5

    In EU countries we ask that you contact your local BearingPoint legal counsel regarding these matters. 15




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
    
    A gift is any item of value, including, but not limited to, any gratuity, cash or cash
equivalent, benefit, favor, service, tickets or passes to an entertainment, social or
sporting event, reward, or promise of future employment. Items that are not considered gifts
include modest refreshments, greeting cards, plaques, other items of low value, and rewards
and prizes open to the general public.
 
    
    Entertainment includes costs associated with a legitimate business activity, including, but
not limited to, meals, tickets to sporting or social events, and golf outings, and must be
within the boundaries of reason and moderation. To be considered entertainment (rather than a
gift), BearingPoint personnel must attend the event along with clients and/or business
partners or prospects.
    16




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1 2
  
 1

    United States Code, Title 15. Commerce and Trade,
Chapter 2b  Securities Exchanges,
§ 78dd-1 [Section 30a of the Securities Exchange Act of 1934].2

    No foreign law will supersede U.S. law. 17




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20




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21




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1 2
 3
   
 1

    In general, personal data means data relating to a living individual who is or
can be identified from
the data.2

    Process means any operation or set of operations performed upon personal data,
whether or not
by automatic means, including collection, recording, organization, use, transfer, disclosure,
storage,
manipulation, combination and deletion.3

    Including, for example, policies and procedures regarding the disclosure of
confidential information
of BearingPoint employees, such as salary information. 22




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23




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24




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1
     
 1

    The U.S. Government Securities and Exchange Commission Regulation on Fair Disclosure is
available at http://www.sec.gov/rules/final/33-7881.htm 25




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26




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1
    
    
    Contact your performance manager to review the matter. Your performance
manager is responsible for elevating the issue to the Office of the Chief
Compliance Officer or other appropriate personnel to determine how
compliance matters should be handled.
    
    Contact a member of management (other than your performance manager).
If you are uncomfortable discussing the matter with your performance
manager, you may reach out to a higher level of management within your
 
 1

    In certain countries, such as Germany, Austria and France, obligations and
processes for raising concerns and cooperating with investigations about potential misconduct are
governed by local law. The Compliance website contains local reporting requirements that vary from
this standard. 28




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Engagement Team or leadership chain of command. All members of the BearingPoint management team
maintain an open-door policy.
    
    Contact human resources, the general counsel, director of ethics, chief
compliance officer or the chief executive officer, as well as other executive
officers. If you are uncomfortable discussing the matter with a higher level
of management, you may reach out to others within the organization,
including executive officers.
    
    Contact GuideLine. Submissions to GuideLine can be made anytime:
 
    
    Call 1800 206 4081 in the United States and Canada, or click here for
international access numbers. Translation services are available.
    
    Submit via the Web by clicking here.
 Inquiries to the telephone line and website are handled by trained specialists, and your
communications can remain anonymous upon your request.
 
    
    E-mail GuideLine@bearingpoint.com. Note that e-mails sent to the
GuideLine e-mail address are not anonymous.
   2
 
 2

    In certain countries, such as Germany, Austria and France, obligations and
processes for raising concerns and cooperating with investigations about potential misconduct are
governed by local law. The Compliance website contains local reporting requirements that vary from
this standard. 29




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30




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31




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32




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Phrase
    
    DefinitionConflict of interest
    
    Any relationship or interest that is or appears to be
competing with the best interest of the organization.Diversity
    
    The concept of diversity means understanding that
each individual is unique, recognizing with acceptance
and respect our individual differences, whether by
race, ethnicity, gender, sexual orientation, socio-economic status, age, physical abilities, religious
beliefs, political beliefs or other ideologies.Employees
    
    For the purpose of this document, includes all
full-time,
part-time, temporary, permanent and worker-on-call
individuals. This does not include those individuals
who are provided to BearingPoint under contract
from another company, such as a staffing agency.Entertainment
    
    Costs associated with a legitimate business activity,
including, but not limited to, meals, tickets to
sporting or social events, golf outings, etc., and
must
be within the boundaries of reason and moderation.
To be considered entertainment (rather than a gift),
BearingPoint personnel must attend the event along
with clients and/or business partners or prospects.Ethically
    
    In an ethical manner, with integrity and in accordance
with BearingPoints values and these Standards of
Business Conduct.
 33




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Phrase
    
    DefinitionForeign government 
official
    
    Any officer or employee of a foreign government or any
of its departments or agencies or incorporated entities
(e.g., state-owned utilities or airlines); any officer or
employee of any legal entity or joint venture that is
wholly or in part owned or controlled by a foreign
government, by any department or agency thereof,
or by any state-owned enterprise; any public
international organization, officer or employee
(e.g., an employee of the United Nations or World
Bank); any person acting in an official capacity, even
if honorary; any director, officer or employee of a
state-owned company; or a close relative of a high
government official.Gift
    
    Any item of value, including, but not limited to, any
gratuity, cash or cash equivalent, benefit, favor,
service,
use of company resources or facilities, tickets or passes
to an entertainment, social or sporting event, reward,
or promise of future employment. Items that are
not considered gifts include modest refreshments,
greeting cards, plaques, other items of little intrinsic
value, and rewards and prizes open to the general public.Immediate family
    
    Includes a persons spouse, parents, children, siblings,
mothers- and fathers-in-law, sons- and daughters-in-law, brothers- and sisters-in-law, and anyone living
in such persons home.
 34




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Phrase
    
    DefinitionInsider trading
    
    The buying, selling, short-selling or otherwise trading
in any security (including stocks, bonds or options)
based on material non-public information. Insider
means all of BearingPoints directors and employees
and all other persons who have knowledge of, access
to or possession of material non-public information
regarding BearingPoint or any other entity, if the information about the other entity was obtained as a result
of your relationship to BearingPoint. For example,
members of employees families, consultants engaged
by BearingPoint, our customers and suppliers, and
others may be considered insiders if they have knowledge of or access to material non-public information.Kickback
    
    Gratuitous payment or gift of a thing of value made
to a person for a referral of business or a business
advantage.Lobbying
    
    Lobbying activities are lobbying contacts and efforts
in support of such contacts, including preparation
and planning activities, research and other back-
ground work that is intended, at the time it is
performed, for use in contacts, and coordination
with the lobbying activities of others.
 35




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Phrase
    
    DefinitionMaterial information
    
    Any information that might influence a reasonable
investors decision to buy, sell, exercise or hold any
BearingPoint securities or that might otherwise
affect the price of any BearingPoint securities or the
securities of another entity. Examples of material
information include, but are not limited to, monthly
and quarterly revenues and earnings, the gain or
loss of an important customer, the development or
discontinuance of an important product, a significant
competitive development, a possible acquisition,
disposition or alliance, and an important change
in management.Nominal value
    
    Of a small amount; for the purposes of this document, nominal amounts can only be determined
in consultation with appropriate and applicable
regional policies.Personal data
    
    Data relating to a living individual who is or can be
identified from the data.Process
    
    As pertains to data privacy, any operation or set of
operations performed upon personal data, whether
by automatic or manual means, including collection,
recording, organization, use, transfer, disclosure,
storage, manipulation, combination and deletion.Records
    
    Anything documented or other such physical evidence
providing information about past events.Romantic partner
    
    A romantic partner, for purposes of this document,
is defined as a romantic or sexual partner of a
BearingPoint employee.
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Phrase
    
    DefinitionSecurity
    
    Any publicly traded common stock, preferred stock,
notes, debentures or other securities and any options
to purchase any publicly traded common stock,
preferred stock, notes, debentures or other securities.
With respect to BearingPoint, this currently consists
of its common stock.Significant other
    
    A spouse or domestic partner of a BearingPoint
employee.Substantial investor
    
    A substantial investor (for purposes of this SBC only)
is an employee who has a financial or other interest
(directly or through a family member) in a customer,
competitor, partner or supplier or other party doing
business with BearingPoint that creates a close
alignment between the investors interests and the
companys interests by virtue of the amount of the
investment or the investors potential to exert
influence or control over the company. While not a
lower limit, in all cases when an employee owns 5%
or more of a company, whether directly or indirectly,
that employee is considered a substantial investor in
the company.Teamwork
    
    Cooperative effort by the members of a group or
team to achieve a common goal.Tip
    
    To provide confidential, advance or inside information;
when an insider, intending to give the receiver an
advantage in the market, violates his fiduciary duty
to the issuing company by deliberately giving inside
information to an outsider or in any way suggesting
or inferring possible future actions that are designed
to or have the effect of influencing financial behavior.
 37




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Phrase
    
    DefinitionU.S. export
    
    An actual shipment or transfer out of the United
States but also includes the release of technology
to a foreign national. Release includes 1) visual
inspection or access by foreign nationals of U.S.
technology, including remote access to software in
any form or fashion (for example, access to client
systems, access via the Web links, access from an
available FTP site posting, etc.); 2) oral exchanges
of information in the United States or abroad of
controlled U.S. technology; or 3) the application to
situations abroad of personal knowledge or technical
experience acquired in the United Statesthat is,
a technology knowledge transfer regarding a
controlled technology (for example, a U.S. person
giving advice to a foreign national regarding what
direction to take to approach software debugging an
Oracle 11i install is considered an export of controlled
technology). If you have questions about export defined
from a non-U.S. perspective, please consult your local
BearingPoint legal counsel.Work papers
    
    Documentation of evidence of our work, how our
time was spent on the project, etc.; papers provide
continuity in the event that team members or leadership change during an engagement.
 38




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The effective date of this Standards of Business Conduct is May 31, 2007. As of
this date, the SBC will supersede the previously published Professional Conduct
Chapter of the Business Practices Guide, any conflicting provisions of the PS
Business Ethics and Code of Conduct Policy Statement, and Code of Business
Conduct & Ethics. If there is a conflict between any BearingPoint ethics-related
guidance or policy document and the SBC, the SBC prevails. Should you have
questions or concerns about this statement and its applicability to BearingPoint
documents or policies not specifically named here, please contact the Office of
the Chief Compliance Officer.




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®